Scholastic reported a seasonally quiet first quarter of fiscal 2026 (quarter ended Aug 31, 2025) with a material operating loss and net loss, reflecting the typical summer softness in school reading events and ongoing investments to enable long-term growth. Revenue totaled $225.6 million, down modestly on a quarterly basis, while the company continued to pursue cost discipline, SG&A optimization, and portfolio rationalization across segments. Management reaffirmed the full-year guidance: revenue growth of 2-4%, Adjusted EBITDA of $160-170 million, and free cash flow of $30-40 million, signaling a path to improved profitability as back-to-school activity returns and the benefits of cost controls flow through.